Staking · Liquid Staking · osETH
StakeWise V3 lets users stake into solo or curated vaults and mint osETH, an overcollateralized liquid staking token, keeping rewards within the vault.
Permissionless, overcollateralized ETH staking.
osETH price
$1995.32
-0.9% 24h
Latest data · 15 min delay
osETH minting, Vault accounting, redemption and liquidation logic all run in permissionless smart contracts; a bug or exploit in the V3 core contracts could impair stakers or osETH holders despite multiple audits.
osETH is a collateralized position with an LTV cap (~90% mint, ~91.5% redeemable, ~92% liquidatable). If the Vault's ETH value falls relative to minted osETH, positions can be redeemed or liquidated with a 1% premium taken from the staker.
Vaults are run by independent, permissionless node operators who control validator keys and infrastructure. Poor operator performance, downtime, or malicious behavior directly affects stakers in that Vault.
Validators are subject to Ethereum (and Gnosis Chain) consensus-layer risks including slashing and penalties; the overcollateralization buffer is designed to absorb these losses but is finite and could be exceeded in an extreme slashing event.
The StakeWise DAO controls protocol parameters (LTV thresholds, approved Vaults, treasury) and the Treasury is a Gnosis Safe governed by a committee; concentrated SWISE holdings or committee action could change protocol economics.
osETH exchange-rate and position health depend on oracle-reported reward/exchange-rate data; faulty or manipulated oracle updates could misprice positions and trigger unwarranted redemptions or liquidations.
